A top BP executive warns that rising costs are discouraging investment in Australia’s natural...

|About: BP p.l.c. (BP)|By:, SA News Editor

A top BP executive warns that rising costs are discouraging investment in Australia’s natural resources. The shortage of skilled workers hasn’t eased despite layoffs and the postponement of projects, as the mining industry struggles with slumping prices of industrial minerals. In August, a Shell exec said the cost of developing energy projects in Australia had become "very worrisome."